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Apple to Open First Store in Hong Kong By Year-End, SCMP Reports

Feb. 25 (Bloomberg) -- Apple Inc. plans to open two stores in Hong Kong at a total cost of at least $40 million, the South China Morning Post reported, citing people familiar with the plan.

The company will open its first outlet in the city, a 15,000 square foot store at the IFC Mall in Central, by the end of the year, the report said. It is also building a 20,000 square foot shop in Hysan Place, Causeway Bay, which is expected to start operating by the third quarter of next year, according to the Morning Post.

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To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net

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